That leads me to question your expertise and ability to research. It's common knowledge that Primerica uses unisex policy ratings. Should I assume you understand the consequences of that?
Can some one aware me on Primerica
- Thread starter InsurancePimp_
- Start date
And you know this how? Mere existence is no alibi. Self-regulation means MLMs are not required to file ANY data with the FTC, at any time, unless under an extremely rare formal investigation. Even their income disclosure is full of holes.
Based on FTC case history, a pyramid scheme is an MLM that has been investigated by the FTC.
A pyramid scheme is a product-based Ponzi scheme. I defer to the legal experts. [EXTERNAL LINK] - Multi-Level Marketing Businesses and Pyramid Schemes
When it comes to the FTC and MLM pyramid scheme, there are no defined thresholds. When investigated, the FTC uses a case by case method screening for a whole set of variables. But Advocare wasn't declared a pyramid scheme.....right??? If anything is conflated, its any MLM's Annual Income Disclosure Statement.
No, he means the MLM industry. At least that's what Primerica refers to itself as. https://www.ftc.gov/sites/default/f...pportunity-rule-535221-00056/535221-00056.pdf
When they lie in plain sight, you know self-regulation is in effect.
https://www.ftc.gov/sites/default/f...pportunity-rule-535221-00056/535221-00056.pdf
https://www.dsa.org/forms/CompanyFormPublicMembers/search?action=find
https://www.dsa.org/forms/committee/CommitteeFormPublic/view?id=7F3000604E6
tikibarrister
Guru
- 497
I'm not sure what you're driving at. My wife bought a Primerica policy when she was single, 20 years ago, before she met me. My point was that at no time did they try to recruit her, giving weight to the idea that Primerica agents do indeed sell policies. So what is your point?
No but FTC rulings are.
https://www.ftc.gov/sites/default/f...ision_93_january_-_june_1979pages_618-738.pdf
Summarized on Wikipedia: "In re Amway Corp."
"Amway is not in business to sell distributorships and is not a pyramid distriubtion scheme." (misspelling in the original FTC finding)
To quote someone I recently met, this leads me to question your expertise and ability to research.
True or false. Do MLMs pay commission on any product a rep/recruit purchases? Is it easier to close a sale with a green recruit eager to prove their loyalty and willingness to follow "the winning system", than it is to make a sale to even a friend (unless they're also your recruit) or family member? Is it easier to sell to a recruit than to a friend of a friend? As for Amway, the Devos family has donated $45M to republican causes over the years, in addition to what ever the company donated or lobbied with. At the time, the President gave a private audience to Amway execs. Lobbying does work. In 1979, the FTC ordered Amway to cease price fixing and cease misrepresenting to its distributors (participants) the average participant's likelihood of financial security and material success, and fined them $100k. Your opinion.....complete vindication? lol
tikibarrister
Guru
- 497
Wow, you sure read that Wikipedia article fast. Glad you learned something.
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